“Ho Chain”: The Supply Financial Federated Blockchain Solution by The Force Protocol
The Force Protocol, a blockchain financial service platform, has released “Ho Chain”, the supply financial federated blockchain solution. David LEI, CEO of The Force Protocol, states that China is actively promoting the integrated development of blockchain technology and economic and social development. In terms of the implementation of blockchain technology industry, supply chain finance is a proven field. In traditional supply chain finance, there are different obstacle including the difficulty to verify the authenticity of trade, the obsatacle to transfer core enterprise credit across levels, the flow of unified information and other more. The Force Protocol designed “Ho Chain” to solve these flaws. The very solution can effectively solve the pain point of traditional supply chain finance, boost the development of blockchain technology services for small and medium-sized enterprises, explore the integration of innovation chain, application chain and value chain, and explore international leading technical standards for the blockchain system of supply chain finance.